Weekly News Roundup: May 10-May 14

Topping off art, antiques and collectibles news is a Picasso setting an auction record, auction houses outcast lists and an impressive collection of Winston Churchill memorabilia.

From The New York Times:
At $106.5 Million, a Picasso Sets an Auction Record

Let’s see. It only took Picasso a day to paint “Nude, Green Leaves and Bust.” So, let’s just say he worked 9 to 5. Eight hours. It sold for more than $106 million at a recent Christie’s auction. That comes out to more than $13 million per 60 minutes.

From The New York Times:
Can’t Afford the Picasso? Buy the Home Where It Once Hung

Okay, so you missed out on snagging the Picasso. Your bank account was a little shy of $106.5 million? Maybe you can scrounge together a paltry $24.95 million and buy the house where “Nude, Green Leaves and Bust” (or as the French would say,“Nu au Plateau de Sculpteur”) graced the walls. The 11,500-square-foot mansion in Holmby Hills, a tony, tony section of Los Angeles, was owned by Frances Lasker Brody, whose husband, Sidney F. Lasker, was a real-estate investor.

From The Wall Street Journal:
Auction Houses Strike Out Bidders Non Grata

Maybe not as scary as Richard Nixon’s enemy list (some people such as journalist Daniel Schorr and actor Paul Newman were honored to be on it), big auction houses such as Christie’s and Sotheby’s have their own version of it. One way to get on the no-bid lists is to refuse to pay for items won at auction and then take the auction house to court for alleged disclosure irregularities.

From BBC News:
Sir Winston Churchill memorabilia ‘could fetch £1m’

Winston Churchill said depression was a black dog. He might have been less depressed had he known that a collection of his memorabilia—including an unsmoked cigar—could bring in as much as $1.5 million. And that is only the first of a three-part sale.

From Bloomberg:
Mel Gibson, Wife Put $15 Million Parrish Works on Auction Block

They may be headed for divorce court, but that doesn’t mean the actor Mel Gibson and his soon-to-be ex, Robyn, can’t sell their Maxfield Parrish paintings acquired in, one must assume, happier times. Robyn picked up one the pictures in 2006 for $7.6 million, the top price to that date for a Parrish.

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